The slope of an isoquant represents the marginal rate of

Name: The slope of an isoquant represents the marginal rate of
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Question

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The slope of an isoquant is the rate at which one input can be substituted for another while keeping the same level of output. This is known as technical substitution, so the correct answer is A) technical substitution. B) Substitution is a broader term and can refer to any type of exchange or replacement, while C) revenue to cost is not related to the slope of an isoquant.

The Slope of an Isoquant Represents the Marginal Rate of